Investment - Homes for Sale in Des Moines, IA

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  /17

  $284,995

  • 1 Bed
  • 1.5 Baths
  • 1,270 Sq Ft

  118 Water St Unit 125, Des Moines, IA 50309

  Welcome to your pet-friendly community downtown escape. This spacious one-bedroom, two-bath condo spans an impressive 1,270sqft and resides in the vibrant heart of Downtown Des Moines. Immerse yourself in a neighborhood brimming with premier dining establishments, captivating live music venues or taking the Skywalk on a sunny day.Step into this remarkable abode to discover expansive ceilings,

  

  Julie Lovitt

  NextHome Your Way

  (515) 495-6416

  118 Water St Unit 125, Des Moines, IA 50309
• 

  Explore Des Moines

• 

  

  

  /19

  $159,900

  • 2 Beds
  • 1 Bath
  • 1,365 Sq Ft

  1344 21st St, Des Moines, IA 50311

  Great investment opportunity in a prime location! This 2-bed, 1-bath home offers 1,375 sq ft of living space on a spacious 9,408 sq ft lot. Located across from a park, it offers peaceful surroundings boasting 2 giant Magnolia trees and a pretty yard with easy access to Drake and downtown Des Moines. Perfect for a rental or flip, this property has room to grow with a huge 2-car garage with shop

  

  Eric Fitzgerald

  Keller Williams Realty GDM

  (515) 824-5951

  1344 21st St, Des Moines, IA 50311
• 

  

  

  /21

  $238,900

  • 3 Beds
  • 2 Baths
  • 1,232 Sq Ft

  1266 E 36th Ct, Des Moines, IA 50317

  LOW interest rate VA assumable loan! Make it your personal home or a rental investment property. This NEWER home on a quiet a QUIET street built in 2018 is MOVE IN READY, no projects or updates needed-that means the big ticket items are all newer: Roof, HVAC, water heater, ! It is a ZERO ENTRY (NO STEPS) 3-bedroom, 2 full bathroom FIRST floor laundry (no hauling laundry down into a dingy

  

  Janee Moore

  Keller Williams Realty GDM

  (515) 808-5167

  1266 E 36th Ct, Des Moines, IA 50317
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  /33

  $220,000

  • Studio
  • 3 Baths
  • 2,806 Sq Ft

  1513 Des Moines St, Des Moines, IA 50316

  Welcome to 1513 Des Moines Street, a prime multi-unit investment property in the heart of Des Moines. This 3-unit multiplex presents an excellent opportunity for investors seeking immediate rental income with built-in occupancy. Two of the three units are already filled, providing steady cash flow from day one. The property offers three distinct rental units, each with its own full bathroom. The

  

  Darson Grantham

  Keller Williams Realty GDM

  (515) 949-4562

  1513 Des Moines St, Des Moines, IA 50316
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  /10

  $210,000

  • Studio
  • 3 Baths
  • 1,964 Sq Ft

  1206 39th St, Des Moines, IA 50311

  $2636 per month Gross rent. Currently 2 long term leases and 1 furnished short term rental. This is a prime rental property in a sought-after Des Moines neighborhood just west of the Drake University Campus. The property comes with a renewed rental license. A new roof was installed in 2021, providing peace of mind for years to come. Unit 1 and Unit 2 have had updates in the past 2

  

  Darson Grantham

  Keller Williams Realty GDM

  (515) 642-3342

  1206 39th St, Des Moines, IA 50311
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  /9

  $254,000

  • Studio
  • 3 Baths
  • 2,140 Sq Ft

  2400 SE 8th St, Des Moines, IA 50315

  Investor opportunity in the heart of Des Moines! Located at 2400 SE 8th St, this multi-family property offers strong rental potential with three separate units—two 1-bed/1-bath units and one 2-bed/1-bath unit—spread across 2,140 sq ft of living space. The property has a masonry foundation, an unfinished basement for additional storage, and off-street parking potential. With each unit already

  

  Eric Fitzgerald

  Keller Williams Realty GDM

  (515) 800-8145

  2400 SE 8th St, Des Moines, IA 50315
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  /13

  $175,000

  • 2 Beds
  • 1 Bath
  • 672 Sq Ft

  2105 E 23rd St, Des Moines, IA 50317

  Welcome Home! This charming 2-bedroom, 1-bath ranch is the perfect place to start your homeownership journey or add to your investment portfolio. With a cozy, easy-to-maintain layout, this home offers just the right amount of space for comfortable living. You'll love the spacious 2-car heated garage perfect for extra storage, hobbies, or staying warm during the colder months. Whether

  Dillon Bradshaw RE/MAX Revolution

  2105 E 23rd St, Des Moines, IA 50317
• 

  

  /18

  $199,900

  • 2 Beds
  • 2 Baths
  • 1,058 Sq Ft

  2415 38th St, Des Moines, IA 50310

  Step inside this charming two-bedroom, two-bath bungalow and discover easy living in a quiet, established neighborhood. The beautifully landscaped yard is perfect for morning coffee, weekend gatherings, or simply enjoying a little peace and quiet. A spacious two-car detached garage provides plenty of room for vehicles, storage, or hobbies.Inside, you will find a functional layout with two

  Beth Van Zee LPT Realty, LLC

  2415 38th St, Des Moines, IA 50310
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  /13

  $234,900

  • 2 Beds
  • 2 Baths
  • 840 Sq Ft

  3333 61st St, Des Moines, IA 50322

  With all the benefits of a quiet street AND all the convenience of close proximity to Merle Hay, this well-maintained, open-concept ranch offers plenty of perks at an approachable price! Many updates have been completed throughout the home including the fresh hardwood floors, radon mitigation, updated electrical panel & garage sub-panel, UV filter on HVAC system and more!The nearly quarter

  Kelley Kinser CDM Real Estate Services

  3333 61st St, Des Moines, IA 50322
• 

  

  /26

  $269,900

  • 3 Beds
  • 2.5 Baths
  • 1,617 Sq Ft

  7000 Lake Ridge Ave Unit 4, Des Moines, IA 50320

  This move-in ready 2-story townhome comes fully furnished, making it an effortless option for both homeowners and investors. Inside, you'll find an open layout with modern finishes, comfortable living spaces, and everything you need already in place.With 6 years of tax abatement remaining, this home offers significant savings and long-term value. Even better, it's eligible to be rented

  Tony Berry RE/MAX Concepts

  7000 Lake Ridge Ave Unit 4, Des Moines, IA 50320
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  /3

  $215,000

  • 3 Beds
  • 1 Bath
  • 1,288 Sq Ft

  3802 12th St, Des Moines, IA 50313

  Investment opportunity! This cash-flowing 2-bedroom rental brings in $1,050/month with upside for rent increases. Tenant is on a flexible month-to-month lease, and the rental certificate is valid through June. 2027—no immediate compliance costs. Purchase as a stand-alone property or bundle with additional cash-flowing units in a larger portfolio. Owner is retiring—don’t miss the chance to add

  Jeff Downing LPT Realty, LLC

  3802 12th St, Des Moines, IA 50313
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  /8

  $185,000

  • 2 Beds
  • 1 Bath
  • 934 Sq Ft

  3806 12th St, Des Moines, IA 50313

  Investment opportunity! This cash-flowing 2-bedroom rental brings in $1,050/month with upside for rent increases. Tenant is on a flexible month-to-month lease, and the rental certificate is valid through June. 2027—no immediate compliance costs. Purchase as a stand-alone property or bundle with additional cash-flowing units in a larger portfolio. Owner is retiring—don’t miss the chance to add

  Jeff Downing LPT Realty, LLC

  3806 12th St, Des Moines, IA 50313
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  /8

  $159,000

  • 3 Beds
  • 1 Bath
  • 1,073 Sq Ft

  1521 E Glenwood Dr, Des Moines, IA 50320

  Fixer Upper! First time buyers or great investment property. Property sold as is. New flooring 2022--Living room and kitchen.

  Laura McClatchey Keller Williams Ankeny Metro

  1521 E Glenwood Dr, Des Moines, IA 50320
• 

  

  /19

  $165,000

  • 2 Beds
  • 1 Bath
  • 880 Sq Ft

  1125 Euclid Ave, Des Moines, IA 50313

  This home offers an excellent opportunity for investors looking for a project. With some TLC, it could be transformed into a great rental or resale. The property features a straightforward layout with a living room, kitchen, and two bedrooms. An unfinished basement provides additional storage or potential for expansion, with a partially finished area offering added possibilities. The home also

  Ky Zen RE/MAX Precision

  1125 Euclid Ave, Des Moines, IA 50313
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  /9

  $220,000

  • 3 Beds
  • 1.5 Baths
  • 1,541 Sq Ft

  3517 Columbia St, Des Moines, IA 50313

  Located on the Northeast side of Des Moines near tons of amenities just minutes away from downtown you'll find this adorable three bedroom two bathroom one non-conforming room fall in love with how spacious this living and dining areas are not to mention the gorgeous brick fireplace this will also be a great investment property there are tenants that occupy it with paying $1,850 hey

  Darian Johnson RE/MAX Revolution

  3517 Columbia St, Des Moines, IA 50313
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  /13

  $160,000

  • 2 Beds
  • 2 Baths
  • 720 Sq Ft

  1317 E 28th St, Des Moines, IA 50317

  Great investment opportunity! This cozy ranch home features thoughtful updates throughout. The main level offers two comfortable bedrooms, a nicely sized living room, and an eat-in kitchen. The basement provides ample storage space, and the large fenced backyard includes a 2-car detached garage. Whether you're looking for a solid rental property or a great starter home, this one checks

  Shane Kennedy LPT Realty, LLC

  1317 E 28th St, Des Moines, IA 50317
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  /21

  $154,000

  • 3 Beds
  • 1 Bath
  • 1,134 Sq Ft

  1742 E Walnut St, Des Moines, IA 50316

  Welcome to this inviting 3-bedroom, 3⁄4-bath home. Step inside to discover an enclosed porch—perfect for morning coffee, a sunny reading nook, or extra storage space. Hardwood floors, double bedroom doors, and built in storage and closet space all add to the character. The fully fenced backyard offers privacy, security, and space for entertaining. This home includes both a one-car attached

  JC Wilson Platinum Realty LLC

  1742 E Walnut St, Des Moines, IA 50316
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  /28

  $295,000 New Construction

  • 2 Beds
  • 2.5 Baths
  • 1,456 Sq Ft

  335 Forest Ave Unit 23, Des Moines, IA 50314

  Welcome to modern living in the heart of the city! These brand-new townhomes offer style, comfort, and unbeatable convenience just steps from Mercy Hospital. Enjoy spacious open-concept layouts, designer finishes, and energy-efficient features throughout. With 10-year tax abatement, your investment goes further while your monthly payments stay lower. Perfect for medical professionals, investors,

  Haim Naggar BHHS First Realty Westown

  335 Forest Ave Unit 23, Des Moines, IA 50314
• 

  

  /28

  $295,000 New Construction

  • 2 Beds
  • 2.5 Baths
  • 1,456 Sq Ft

  335 Forest Ave Unit 22, Des Moines, IA 50314

  Welcome to modern living in the heart of the city! These brand-new townhomes offer style, comfort, and unbeatable convenience just steps from Mercy Hospital. Enjoy spacious open-concept layouts, designer finishes, and energy-efficient features throughout. With 10-year tax abatement, your investment goes further while your monthly payments stay lower. Perfect for medical professionals, investors,

  Haim Naggar BHHS First Realty Westown

  335 Forest Ave Unit 22, Des Moines, IA 50314
• 

  

  /28

  $305,000 New Construction

  • 2 Beds
  • 2.5 Baths
  • 1,498 Sq Ft

  335 Forest Ave Unit 21, Des Moines, IA 50314

  Welcome to modern living in the heart of the city! These brand-new townhomes offer style, comfort, and unbeatable convenience just steps from Mercy Hospital. Enjoy spacious open-concept layouts, designer finishes, and energy-efficient features throughout. With 10-year tax abatement, your investment goes further while your monthly payments stay lower. Perfect for medical professionals, investors,

  Haim Naggar BHHS First Realty Westown

  335 Forest Ave Unit 21, Des Moines, IA 50314
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  /25

  $239,900

  • Studio
  • 2 Baths
  • 1,568 Sq Ft

  3800 Urbandale Ave, Des Moines, IA 50310

  Investment Opportunity! This duplex has an active rental certificate. The one bedroom unit is occupied. The two bedroom unit is vacant and has a fresh coat of paint and all cleaned up ready for the next occupant. Each unit has a kitchen which includes a stove, refrigerator and dishwasher, full bath, and its own laundry area. The vacant unit has a finished basement that includes a bedroom

  Marlene Thatcher Keller Williams Realty GDM

  3800 Urbandale Ave, Des Moines, IA 50310
• 

  

  /20

  $259,900

  • Studio
  • 2 Baths
  • 1,856 Sq Ft

  1064 27th St, Des Moines, IA 50311

  Exciting investment opportunity in the heart of the Drake area! This well-cared-for up-down duplex at 1064 27th offers versatile layouts and great rental potential. The main floor unit features 2 bedrooms, 1 bath, central AC, spacious living areas, and beautiful wood floors. The upper unit includes 2 bedrooms plus a 3rd bedroom/office area, 1 bath, and window unit cooling—perfect for flexible use

  Ryan Rohlf Keller Williams Legacy Group

  1064 27th St, Des Moines, IA 50311
• 

  

  /23

  $215,000

  • Studio
  • 2 Baths
  • 1,801 Sq Ft

  620 37th St, Des Moines, IA 50312

  Discover this updated duplex in a highly sought-after location just off Ingersoll Avenue. Unit 1 occupies the main level with basement access, while Unit 2 is located upstairs (no basement access). Each unit offers 1 bedroom and 1 bathroom, with fresh interior paint completed approximately 1.5 years ago. Unit 1 features new flooring throughout, adding to the move-in ready appeal. Major updates

  Gabby Fisher Keller Williams Realty GDM

  620 37th St, Des Moines, IA 50312
• 

  

  /15

  $95,000

  • 2 Beds
  • 1 Bath
  • 1,152 Sq Ft

  580 NE 48th Place, Des Moines, IA 50313

  Great investment opportunity! This 2 bedroom, 1 bath home with a 3rd non-conforming bedroom/den needs some TLC, but offers tons of potential. Perfect for investors, flippers, or anyone ready to take on a project. Sold as-is.

  Jennifer Lamb Weichert, Realtors - 515 Agency

  580 NE 48th Place, Des Moines, IA 50313
• 

  

  /35

  $200,000

  • Studio
  • 4 Baths
  • 3,264 Sq Ft

  1604 16th St, Des Moines, IA 50314

  Income-Producing 4-Unit Multi-Family in Des Moines! Ideally located just minutes from downtown Des Moines and steps from public transportation, this clean, well-maintained four-plex is a turnkey investment. The building offers two two-bedroom, one-bath units and two three-bedroom, one-bath units , all with a current rental certificate—an excellent opportunity for investors or live-in

  Angela Ousley Zealty Home Advisors

  1604 16th St, Des Moines, IA 50314
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  /29

  $89,900

  • 3 Beds
  • 2 Baths
  • 1,218 Sq Ft

  2901 4th St, Des Moines, IA 50313

  Calling all investors, handymen, and visionaries! Looking for your next project or bargain buy? This 3-bedroom, 2-bath, 1.5-story home is bursting with potential and is perfectly situated just minutes from downtown Des Moines. Built in 1904 with a solid brick foundation and 1,218 sq ft of living space, this fixer-upper offers endless opportunities for renovation, TLC, or even a full flip. With

  Karla Alaniz Keller Williams Realty GDM

  2901 4th St, Des Moines, IA 50313
• 

  

  /11

  $120,000

  • 3 Beds
  • 1 Bath
  • 992 Sq Ft

  317 E Jackson Ave, Des Moines, IA 50315

  Investment Opportunity in the Little Italy neighborhood of DSM! This is located in a special investment district with Invest DSM. Check Program for Details. Home is Being Sold As-Is. Inspections are for Buyers Knowledge Only. Come and See Today!

  Collin Coy Realty ONE Group Impact

  317 E Jackson Ave, Des Moines, IA 50315
• 

  

  /16

  $199,900

  • Studio
  • 2 Baths
  • 1,433 Sq Ft

  2309 37th St, Des Moines, IA 50310

  Discover a prime investment opportunity with this well-maintained two-unit duplex. Each unit features 1 spacious bedroom and a full bath, offering comfortable living for tenants. Ideal for investors seeking consistent rental income, this property is located in a highly desirable area with convenient access to shopping, parks, and top-rated schools. Whether you’re looking to expand

  Jody Henkenius BHHS First Realty Westown

  2309 37th St, Des Moines, IA 50310
• 

  

  /18

  $185,000

  • Studio
  • 2 Baths
  • 2,544 Sq Ft

  1429 Martin Luther King jr Pkwy, Des Moines, IA 50314

  Discover the potential in this Des Moines multifamily property, Perfect for investors and flippers alike. This property features two units. A cozy-2-bedroom, 1-Bathroom unit complete with its own kitchen and living area. Ideal for singles, couples, or as a rental unit. Another spacious 3-bedroom, 1- bathroom unit, also equipped with a private kitchen and living area. Perfect for families or

  Amanda Welch RE/MAX Concepts

  1429 Martin Luther King jr Pkwy, Des Moines, IA 50314
• 

  

  /15

  $335,000

  • 3 Beds
  • 2 Baths
  • 1,305 Sq Ft

  1529 41st St, Des Moines, IA 50311

  This beautifully remodeled home in the Beaverdale/Drake area offers both comfort and investment potential, as it has been an Airbnb. Fully renovated in 2022, it features a brand-new kitchen, updated bathrooms, modern appliances, new windows, and a new roof. A new AC and furnace were installed in 2024. The home retains its charm with original hardwood floors throughout and is currently utilized as

  Cale Carpenter RE/MAX Revolution

  1529 41st St, Des Moines, IA 50311
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  /7

  $99,900

  • 2 Beds
  • 1 Bath
  • 720 Sq Ft

  3823 Bowdoin St, Des Moines, IA 50313

  Nice Investment Opportunity. 2 bedroom, 1 bathroom Ranch Home with a great value add opportunity for a 3rd bedroom or additional living space in the Finished Attic. Home sits on a nice deep lot. Come and See Today!

  Collin Coy Realty ONE Group Impact

  3823 Bowdoin St, Des Moines, IA 50313
• 

  

  /3

  $499,900

  • Studio
  • 6 Baths
  • 4,269 Sq Ft

  686 19th St, Des Moines, IA 50314

  Discover this historic 6-plex in the heart of Des Moines’ sought-after Sherman Hill neighborhood. Built in 1913, this NX2A-zoned multifamily property blends classic charm with modern updates. Currently 100% occupied, it offers both immediate cash flow and strong long-term upside. Each of the six units features comfortable layouts and updated amenities, designed to meet the expectations of today’s

  Joe Hand Keller Williams Realty GDM

  686 19th St, Des Moines, IA 50314
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  /8

  $130,000

  • 3 Beds
  • 1 Bath
  • 1,199 Sq Ft

  1716 Mondamin Ave, Des Moines, IA 50314

  Investment opportunity! This cash-flowing 3-bedroom rental brings in $1,200/month with upside for rent increases. Tenant is on a flexible month-to-month lease, and the rental certificate is valid through Oct. 2027—no immediate compliance costs. Purchase as a stand-alone property or bundle with additional cash-flowing units in a larger portfolio. Owner is retiring—don’t miss the chance to add

  Jeff Downing LPT Realty, LLC

  1716 Mondamin Ave, Des Moines, IA 50314
• 

  

  /7

  $115,000

  • 3 Beds
  • 1 Bath
  • 1,070 Sq Ft

  1503 13th St, Des Moines, IA 50314

  Investment opportunity! This cash-flowing 2-bedroom rental brings in $1,200/month with upside for rent increases. Tenant is on a flexible month-to-month lease, and the rental certificate is valid through April 2027—no immediate compliance costs. Purchase as a stand-alone property or bundle with additional cash-flowing units in a larger portfolio. Owner is retiring—don’t miss the chance to add

  Jeff Downing LPT Realty, LLC

  1503 13th St, Des Moines, IA 50314
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  /4

  $75,000

  • 2 Beds
  • 1 Bath
  • 938 Sq Ft

  1251 10th St, Des Moines, IA 50314

  Investment opportunity! This cash-flowing 2-bedroom rental brings in $1,000/month with upside for rent increases. Tenant is on a flexible month-to-month lease, and the rental certificate is valid through Dec. 2027—no immediate compliance costs. Purchase as a stand-alone property or bundle with additional cash-flowing units in a larger portfolio. Owner is retiring—don’t miss the chance to add

  Jeff Downing LPT Realty, LLC

  1251 10th St, Des Moines, IA 50314
• 

  /2

  $85,000

  • Land
  • 0.23 Acre
  • $363,248 per Acre

  1029 Bundy St, Des Moines, IA 50315

  Your blank canvas awaits! Corner lot, ready for your investment, dream home, or what ever your heart desires!

  Tiffany Marcum The American Real Estate Co.

  1029 Bundy St, Des Moines, IA 50315
• 

  

  /19

  $112,500

  • 2 Beds
  • 1 Bath
  • 801 Sq Ft

  1100 E 6th St Unit 5, Des Moines, IA 50316

  Welcome to your urban oasis on the edge of the East Village! This updated condo at 1100 East 6th Street is serving modern vibes with a side of convenience. Fresh paint? Check. Brand-new flooring? Absolutely. A sleek, remodeled bathroom? Oh yes. Complex Swimming Pool? For sure,—it’s giving spa-day-every-day energy. Soak up the natural light in your spacious layout before heading out to

  Tony Muse RE/MAX Precision

  1100 E 6th St Unit 5, Des Moines, IA 50316
• 

  

  /9

  $299,900

  • Studio
  • 5 Baths
  • 3,544 Sq Ft

  2812 Brattleboro Ave, Des Moines, IA 50311

  Welcome to 2812 Brattleboro a prime income-producing 5-unit multiplex perfect for both seasoned investors and those just entering the rental market with updated rental certificate! Priced competitively and with a recently renewed rental certifcate, this property offers immediate cash flow with significant upside potential. Each unit offers its own unique layout and charm in a one bed and one

  Jim Hibbs LPT Realty, LLC

  2812 Brattleboro Ave, Des Moines, IA 50311
• 

  /2

  $65,000

  • 3 Beds
  • 1 Bath
  • 864 Sq Ft

  550 NE 48th Place, Des Moines, IA 50313

  ATTN Flippers & Investors – Motivated Seller! Rare mixed-use property with county taxes, close to the interstate. Home needs work and is sold as-is. Great opportunity for a flip, rental, or investment hold!

  Jennifer Lamb Weichert, Realtors - 515 Agency

  550 NE 48th Place, Des Moines, IA 50313
• 

  

  /12

  $189,999

  • 8 Beds
  • 5 Baths
  • 3,178 Sq Ft

  1420 9th St, Des Moines, IA 50314

  Own a piece of history in River Bend! This early 1900s Victorian stands tall in the River Bend Local Historic District with over 3,100 square feet of finished space, offering unique potential for restoration or multi-family investment. Inside, you'll find 8 bedrooms and 4 bathrooms across a layout that hints at prior multi-unit use, making it ideal for rental income, house hacking, or future

  George Romero RE/MAX Concepts

  1420 9th St, Des Moines, IA 50314

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